Kentucky Statutes 142.343 – Interest on unpaid tax
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In every case, any tax not paid on or before the due date shall bear interest at the tax interest rate as defined in KRS § 131.010(6) from the date due until the date of payment.
Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 512, sec. 109, effective July 15, 1994.
Effective: July 15, 1994
Terms Used In Kentucky Statutes 142.343
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
History: Created 1994 Ky. Acts ch. 512, sec. 109, effective July 15, 1994.